Bachelor of Arts in Economics (BA Economics)

________was developed to measure changes in the cost of living in order to determinethe wage increases necessary to maintain a constant standard of living.

by
Question:

________was developed to measure changes in the cost of living in order to determinethe wage increases necessary to maintain a constant standard of living.

A.

price index

B.

sensex

C.

correlation

D.

regression

Answer» a. price index

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

The cost expressed not in terms of money but in terms of efforts of workersundergone for making the commodity

by
Question:

The cost expressed not in terms of money but in terms of efforts of workersundergone for making the commodity

A.

opportunity cost

B.

real cost

C.

sacrifice cost

D.

implicit cost

Answer» c. sacrifice cost

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

Which of the following is not a quantitative credit control measure?

by
Question:

Which of the following is not a quantitative credit control measure?

A.

bank rate

B.

cash reserve ratio

C.

regulation of margin requirement

D.

open market operation

Answer» c. regulation of margin requirement

Note: The above multiple-choice question is for all general and Competitive Exams in India.